XAI OCTAGON FR/COM (XFLT) to Issue Monthly Dividend of $0.07 on December 31st

XAI OCTAGON FR/COM (NYSE:XFLT) declared a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Stockholders of record on Saturday, December 15th will be given a dividend of 0.069 per share on Monday, December 31st. This represents a $0.83 dividend on an annualized basis and a dividend yield of 9.64%. The ex-dividend date is Thursday, December 13th.

XAI OCTAGON FR/COM stock opened at $8.59 on Friday. XAI OCTAGON FR/COM has a 1 year low of $8.35 and a 1 year high of $10.77.

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In other news, insider Philip G. Franklin acquired 3,206 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average price of $9.21 per share, with a total value of $29,527.26. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Danielle Cupps acquired 4,055 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was purchased at an average cost of $9.89 per share, for a total transaction of $40,103.95. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 11,261 shares of company stock worth $108,291 and sold 9,145 shares worth $89,987.

Separately, National Securities started coverage on shares of XAI OCTAGON FR/COM in a research report on Monday, October 29th. They issued a “buy” rating and a $13.00 price target on the stock.

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XAI OCTAGON FR/COM Company Profile

There is no company description available for XAI Octagon Floating Rate & Alternative Income Term Trust.